Banking and Procurement Card Services

The Vendor is required to provide banking (depository) and merchant services (health savings accounts (HSA) is optional) from financial institutions with the intention of evaluating.
- The bank shall provide library with an interest earning, full service checking account, with an electronic monthly bank statement.
- Bank must provide a secured website, with local support (describing the personnel that will be providing the support) for uploading and downloading of data with library including:
• Direct deposit file information for payroll from pay-com,
• Software must interface with Tyler pro 10 accounting financial and pay-com payroll software,
• Allow account inquiry by library personnel by password,
• Allow library to manage a positive pay service,
• Allow library to receive, initiate and process wire and ach transfers files, and
• Allow placing of stop payment on checks.
- Health savings account
• HSA accounts (optional) may need to establish individual interest-bearing accounts for each eligible employee.
• The bank will accept deposits via ach from the library on behalf of participating employees on a bi-weekly pay schedule.
• Ach four (4) times per year from employer funds to be deposited into the individual accounts.
• These employees will each have access to their individual accounts through online banking services.
• There are thirty-eight (38) participants in the HSA library does not require the employee to have the HSA account at any certain bank.